Ant International, the Singapore company that operates the Alipay+ digital payments platform, announced this Thursday an investment in the Mexican lending company R2 to expand access to credit for small and medium-sized businesses (SMEs) in Latin America.
The investment, the total value of which was not disclosed, includes an injection of initial capital from Ant International and leverages its advanced risk management capabilities and R2 infrastructure to improve financing solutions for SMEs, the company said.
Ant International was part of Chinese fintech giant Ant Group before becoming an independent company in 2024.
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R2, the Mexican company that supports SMEs in Latin America
Alipay+ connects about 1.8 billion users with more than 100 million merchants in more than 100 markets, according to its website.
The company has a significant presence in Asia, Europe, the Middle East and Latin America.
R2, founded in Mexico City in 2020, operates in Mexico, Chile, Colombia, Peru and Brazil, and has financed more than 100,000 SMEs.
The company offers revenue-based financing through partnerships with platforms such as inDrive, Uber Eats, Rappi, Haulmer and PayU in the region.
Ant International also launched working capital solutions for SMEs in Brazil earlier this year.
With information from Reuters
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